MATHEMATICS (TURKISH, PHD) | |||||
PhD | TR-NQF-HE: Level 8 | QF-EHEA: Third Cycle | EQF-LLL: Level 8 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ECO5105 | Open Economy Macroeconomics | Fall | 3 | 0 | 3 | 8 |
The course opens with the approval of the Department at the beginning of each semester |
Language of instruction: | En |
Type of course: | Departmental Elective |
Course Level: | |
Mode of Delivery: | E-Learning |
Course Coordinator : | HANDE SAĞLAM |
Course Lecturer(s): |
Assoc. Prof. KAAN İRFAN ÖĞÜT |
Course Objectives: | This course aims to extend students’ knowledge in macroeconomics and to develop their analysis skills and teach them how to use these concepts in advanced studies in macroeconomics. |
The students who have succeeded in this course; I. Students will be able to construct dynamic economic models II. Students will be able to define economic relationships in the framework of dynamic models III. Students will be able to understand some advanced topics in macroeconomics like, inflation targeting, Taylor’s Rule, liquidity trap which are related with current economic events. IV. Students will be able to analyze policy effects on economic variables V. Students will be able to understand and interpret current macroeconomic events. |
The Brief Story of Macroeconomics Open Economy with Flexible and Managed Exchange Rate Regimes Inflation Targeting and Taylor’s Rule Mundell Fleming Model : Graph Analysis Fiscal Policy and Debt Dynamics Financial Markets in Macroeconomic Models |
Week | Subject | Related Preparation | |
1) | From Closed Economy to Open Economy | ||
2) | Exchange Rate Determination and Exchange Rate Regimes (flexible, fixed and managed floating) | ||
3) | Mundell - Fleming Model | ||
4) | Phillips Curve and Exchange Rate Pass Through Effect | ||
5) | Inflation Targeting and Taylor Rule in Open Economy | ||
6) | Endogenous Money Supply and Credit Money | ||
7) | Tobin Q and Asset Prices | ||
8) | Consumption, Investment and Wealth Effect | ||
9) | The transmission of monetary policy | ||
10) | Fiscal Policy and Debt Dynamics | ||
11) | Twin Deficit in a Mundell – Fleming – Tobin Framework | ||
12) | Global Excess Liquidity and Liquidity Trap | ||
13) | Presentation | ||
14) | Presentation | ||
15) | Final Exam |
Course Notes: | Rodseth, A., Open Economy Macroeconomics, Cambridge University Press, 2000 |
References: | Glenn P. Hubbard , Anthony P. O'Brien, '' Macroeconomics '' (5th Edition) , 2014 |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | % 0 | |
Laboratory | % 0 | |
Application | % 0 | |
Field Work | % 0 | |
Special Course Internship (Work Placement) | % 0 | |
Quizzes | % 20 | |
Homework Assignments | % 30 | |
Presentation | % 0 | |
Project | % 0 | |
Seminar | % 0 | |
Midterms | % 0 | |
Preliminary Jury | % 0 | |
Final | % 50 | |
Paper Submission | % 0 | |
Jury | % 0 | |
Bütünleme | % 0 | |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 14 | 3 | 42 |
Laboratory | 0 | 0 | 0 |
Application | 0 | 0 | 0 |
Special Course Internship (Work Placement) | 0 | 0 | 0 |
Field Work | 0 | 0 | 0 |
Study Hours Out of Class | 14 | 6 | 84 |
Presentations / Seminar | 0 | 0 | 0 |
Project | 12 | 4 | 48 |
Homework Assignments | 12 | 2 | 24 |
Quizzes | 0 | 0 | 0 |
Preliminary Jury | 0 | 0 | 0 |
Midterms | 1 | 0 | 0 |
Paper Submission | 0 | 0 | 0 |
Jury | 0 | 0 | 0 |
Final | 1 | 2 | 2 |
Total Workload | 200 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution |